Structuring Deeper Questions

Structuring QuestionsGetting beneath the surface of Economics A level exam papersWhat have we covered so far?Economic toolkit;Factors of Production;Short Term vs Long Term;Economic Problem;Specialisation;PPCs;Opportunity Cost;Market;Demand;Supply;Equilibrium price;Price/Income/Cross Elasticity of demand and supply;Substitute and Complementary goods;Normal vs inferior goods;Consumer/Producer surplus.

Factors of ProductionIdentify two factors of production which might be used in the processing of Caribbean sugar cane;Using an example in each case, state two factors of production which are required to provide air transport services.State two factors of production which are used to produce puer tea and give an example of each.

Economic ProblemUsing the information in the case study, explain how the economic problem can be applied to.Using the information in the case study, explain how the economic problem can be applied to.Define the economic problem and explain how it can be applied to.DemandExplain two likely determinants of this fall in demand for holidays taken in the Maldives by British tourists.State and explain two reasons for the increased global demand for food products.State and explain two determinants of demand for air travel for leisure purposes.State and explain two reasons for the increase in demand for dental implants.SupplyUsing a supply and demand diagram, comment on the likely impact on the market for new houses of relaxing planning regulations.Assume the policy of the Maldives President to construct more hotels and guest houses goes ahead. Using a supply and demand diagram, comment on how this might affect the market for holidays on the Maldives. Comment1Suppose the government aims to reduce demand from binge flyers. Comment on how it might use the information in Fig. 2 to achieve this objective.There is expected to be a 10% fall in UK consumers incomes in the next two years. Using the information in Fig. 1, comment on the likely impact of this fall in income on the holiday market.Comment2The Managing Director believes that the demand for low priced kits is price elastic. Comment on how knowledge of price elasticity of demand would be helpful when making business decisions.Using the information in Fig. 1, comment on the business relevance for puer tea farmers of the changes in price elasticity of supply between 2003-2006.

The best questionsUnderwater Weddings: pp20-22Discuss the questions you have created for this case study with your partner.What other questions can you come up with?Spend time rewriting your questions until you have them in the same structure as the examples from the examination papers.See if you can design questions which will total c.30 marks.